In that case, if an ARM has a lower interest rate, you may be able to direct more of your money into that nest egg. Alternatively, an ARM with a lower rate than a fixed-rate mortgage may simply be ...

Loading Insurance Australia Group shares leapt ... A slide in iron ore prices sent big miners lower. Fortescue fell 1.1 per cent while BHP slumped 0.7 per cent and Rio Tinto fell 0.4 per cent.